Simon Property Group posts strong 4th quarter

10:15 AM,
Jan. 31, 2014

Danese Kenon/The Star 2010 file photo

Written by

Simon Property Group today posted strong fourth-quarter results, with funds from operations jumping 7.9 percent from a year earlier and U.S. occupancy rates rising to 96.1 percent.

"This was an excellent quarter and year for Simon Property Group, capped off by our 20th anniversary as a public company in December. Over that 20-year period, we delivered a total return to shareholders of 1,915 percent," company Chairman and Chief Executive David Simon said in a statement.

The Indianapolis shopping center developer and operator reported that funds from operations, a key measure of ...